It makes buying and selling very similar to buying and selling stock through your brokerage account. This digital exchange and online cryptocurrency wallet provider is great for people who are new to Bitcoin. You can also use a standalone Coinbase Wallet for mobile.
bank account and easily transfer dollars in or out of your Coinbase investing and trading account. A Bitcoin wallet is controlled solely by its owner, not distributed and shared like blockchain technology.Ĭoinbase is one of the easiest ways to buy, sell, and hold cryptocurrencies. Typically, the wallet is password- or otherwise protected from unauthorized access. In short, Bitcoin wallets store a collection of Bitcoin private keys. However, it should be noted that cryptocurrencies are still risky investments. Even the widely used PayPal mobile app is offering an option to buy, sell, and hold cryptocurrencies in its wallet. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity. Proponents of cryptocurrencies argue that digital currencies are easier, safer, and more private than traditional currencies.
Bitcoin (BTC) is one of many digital currencies that have become fairly common investment holdings among tech-savvy households. While the concept of Bitcoin may be new to some, this well-known cryptocurrency has been around for more than a decade. We may receive commissions on purchases made from our chosen links. You can learn more about our independent review process and partners in our advertiser disclosure. Our editors independently research and recommend the best products and services.